Video Overview of the Stochastic Crossover Alert System
The Stochastic Crossover Alert Tool is a highly configurable MT4 indicator which uses a hybrid JavaFX control interface for ultra fast parameter changes. The Java FX control interface provides completely unrivalled parameter control compared to standard MT4 indicators. Using the JavaFX approach allows the trader to control any FX AlgoTrader JFX product from a single interface!
As soon as the trader clicks on a chart running any JFX product the interface automatically loads the control settings for the specific indicator.
The trader can then make any adjustments using the interface which are reflected in the MT4 indicator as soon as an incoming tick is received
The FX AlgoTrader Stochastic Alert Indicator has the following core functionality:-
|'Touch' alert option - where the stochastics momentarily touch above or below the trader defined trigger thresholds|
|'Printed' alert option - where the stochastics have acually formed a crossover in the last chart period|
|Email alert option - traders will be sent an email when stochastics crossover|
|Push alert option - for traders using MT4 on mobile devices|
|Configurable High and Low Trigger Zones - the trader can set upper and lower trigger zones as filters for stochastic crossover alerts|
|Trigger Level Width, Style & Colour - the trader has full control over the look and feel of the trigger zones|
|Show Crossover Points Option - this allows the trader to physically see where physical crossovers which meet the system criteria have taken place|
|Crossover Point Colour controls - traders have the option to show crossover points and they can control the type of symbol used to display the crossover point and they can also control its colour|
|Standard Stochastics control for k Period, dperiod and slowing to allow for fast, slow and custom configurations|
|Price Field Controls Traders can chose High/Low and Close/Close price calculation options|
|MA Method Traders can control the Moving Average calculation method used for the Stochastic calculation - options are Simple, Exponential, Smoothed and Linear Weighted|
|Ultra fast config changes, control of multiple charts from the JavaFX interface, the ability to play long duration wav files within indicators without clipping, sophisticated alert module which can be sorted, customized and inspected at any time|
|Easy Installation - no MT4 license management and no Windows UAC issues|
|Faster load time compared to standard FX AlgoTrader MT4 specific products|
|Email alerts and push notifications (where specified) - reduces screentime and allow the market to come to you!|
|Profile options to allow traders to deploy their own custom indicator settings within a couple of mouse clicks|
|Auto chart sensing - click on a chart and the interface will load the configuration automatically!|
Using Stochastics in a downtrend for entry signals
Example Alerts for Stochastic Crossover
Email generated by Stochastics Alert System
Stochastics are technical momentum indicators which compare an asset's closing price to its price range over a given time period. Stochastics are oscillators and their sensitivity can be controlled by adjusting the time period or using a moving average of the result.
Stochastics are calulated based on this formula:
%K = 100[(C - L14)/(H14 - L14)]
C = the most recent closing price
L14 = the low of the 14 previous trading sessions
H14 = the highest price traded during the same 14-day period.
%D = 3-period moving average of %K
%K tracks the current rate for the currency pair
%D is a moving average based on the %K line - thus creating a "smoothed" version of %K
The %K line is often referred to as the Fast Stochastic and the %D the slow stochastic.
Crossovers occur when the %K line intersects the %D line.
When the %K line crosses over the %D line, this is viewed as a buy signal.
When the %K line crosses under the %D line, this is viewed as a sell signal.
Divergence refers to the difference between the %K line and the %D line - an increasing divergence can provide a signal of a reversal.
Overbought / Oversold - when the %K line moves above 80 the asset is considered overbought and a reversal is more likely. When the %K line moves below 20 the asset is considered oversold and, equally, a reversal is more likely.